New Emergency Homeowners' Loan Program for homeowners in danger of foreclosure
updated: Tuesday, March 20, 2012The Emergency Homeowners' Loan Program (EHLP) is a first-of-its-kind program that will offer up to $50,000 in interest-free, forgivable loans to Minnesota homeowners in danger of foreclosure due to involuntary unemployment, underemployment or medical issues. Those wishing to participate in the program must act fast. The deadline has been extended to July 27th. See the fact sheet for more information.
The deadline for accepting EHLP pre-applications has been extended to Wednesday, July 27th by the Dept. of Housing and Urban Development (HUD) and NeighborWorks America. Pre-applications that were received past the original July 22, 2011 deadline will be reviewed for eligibility. New pre-applications will be accepted in-person or via mail until 4:30 on July 27th and pre-applications received electronically until midnight on July 27th. Pre-applicatons can be obtained at www.ehlpminnesota.com.
